1979 (7) TMI 81

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..... has referred the following question for our opinion : " Whether, on the facts and in the circumstances of the case, there was any material for the finding that the cash credit entries in question represented the income of the assessee from undisclosed sources ? " The facts necessary to answer the question are short. The books of the assessee showed a deposit of Rs. 20,000 in the name of Kirna .....

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..... edit entries in respect of these two ladies represented the income of the assessee is one of fact. The material relied upon by the Tribunal for reaching its conclusion was relevant for the enquiry. In the circumstances, it cannot be said that there was no material on the basis of which it could have formed that opinion. We, accordingly, answer the question in the affirmative, in favour of the de .....

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